Cognizant Technology Solutions Corporation (CTSH)
NASDAQ: CTSH · Real-Time Price · USD
57.33
+0.16 (0.28%)
At close: Sep 25, 2026, 4:00 PM EDT
57.34
+0.01 (0.02%)
After-hours: Sep 25, 2026, 7:30 PM EDT
CTSH Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 636 | 662 | 648 | 274 | 645 | 663 | 546 | 582 | 566 | 546 | 558 | 525 | 463 | 580 | 521 | 629 | 577 | 563 | 576 | 544 |
Depreciation & Amortization | 143 | 141 | 97 | 135 | 139 | 136 | 94 | 140 | 126 | 133 | 90 | 129 | 131 | 132 | 104 | 141 | 144 | 143 | 111 | 144 |
Other Amortization | - | - | 43 | - | - | - | 36 | - | - | - | 37 | - | - | - | 37 | - | - | - | 33 | - |
Loss (Gain) From Sale of Assets | - | - | - | - | - | -62 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Asset Writedown & Restructuring Costs | - | - | - | - | - | - | 13 | -7 | 7 | - | 9 | 17 | 10 | - | - | - | - | - | - | - |
Stock-Based Compensation | 53 | 46 | 44 | 47 | 48 | 42 | 41 | 44 | 48 | 42 | 43 | 47 | 42 | 44 | 58 | 58 | 89 | 56 | 52 | 65 |
Other Operating Activities | 28 | 105 | -90 | 418 | -54 | 48 | -144 | -85 | -100 | 6 | -108 | -146 | -95 | 11 | -181 | -24 | -120 | 97 | -119 | 28 |
Change in Accounts Receivable | -131 | -143 | -44 | -2 | -143 | -177 | 117 | -45 | -160 | 39 | -29 | -64 | -39 | 89 | -65 | 78 | -134 | -117 | -36 | -92 |
Change in Accounts Payable | 4 | 25 | 33 | -6 | -38 | 9 | 6 | 5 | 13 | -47 | 12 | 5 | -14 | -26 | 6 | -8 | -44 | 35 | 4 | -56 |
Change in Unearned Revenue | -96 | 76 | 119 | -54 | -80 | 70 | 100 | -42 | -64 | 50 | 89 | -73 | -91 | 71 | 51 | -69 | -44 | 36 | 94 | -41 |
Change in Other Net Operating Assets | -79 | -638 | 8 | 415 | -119 | -329 | 111 | 255 | -174 | -674 | 36 | 388 | -371 | -172 | 171 | 227 | 60 | -507 | 110 | 356 |
Operating Cash Flow | 558 | 274 | 858 | 1,227 | 398 | 400 | 920 | 847 | 262 | 95 | 737 | 828 | 36 | 729 | 702 | 1,032 | 528 | 306 | 825 | 948 |
Operating Cash Flow Growth (YoY) | 40.20% | -31.50% | -6.74% | 44.86% | 51.91% | 321.05% | 24.83% | 2.30% | 627.78% | -86.97% | 4.99% | -19.77% | -93.18% | 138.23% | -14.91% | 8.86% | -2.40% | 69.06% | -8.13% | 2.49% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -99 | -76 | -77 | -67 | -67 | -77 | -83 | -56 | -79 | -79 | -78 | -73 | -68 | -98 | -90 | -79 | -43 | -120 | -65 | -51 |
Sale of Property, Plant & Equipment | - | - | - | - | - | 70 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Acquisitions | -604 | -730 | - | - | - | - | - | -1,194 | - | -421 | - | - | - | -409 | -367 | - | - | - | -255 | -57 |
Divestitures | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9 | - | 19 | - | - |
Investment in Securities | - | - | 2 | 1 | -15 | - | 4 | - | - | 262 | 246 | -126 | -17 | 292 | 379 | -187 | -428 | 801 | -178 | -299 |
Investing Cash Flow | -703 | -806 | -75 | -66 | -82 | -7 | -79 | -1,250 | -79 | -238 | 168 | -199 | -85 | -215 | -78 | -257 | -471 | 700 | -498 | -407 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Total Debt Issued | 1,000 | - | - | - | - | - | - | 600 | - | - | - | - | - | - | 650 | - | - | - | - | - |
Long-Term Debt Repaid | - | -11 | - | - | - | -312 | - | - | - | -40 | - | - | - | -1 | - | - | - | -14 | - | - |
Total Debt Repaid | -12 | -11 | -10 | -11 | -9 | -312 | -312 | -11 | -10 | -40 | -10 | -4 | -10 | -1 | -639 | -21 | -12 | -14 | -13 | -12 |
Net Debt Issued (Repaid) | 988 | -11 | -10 | -11 | -9 | -312 | -312 | 589 | -10 | -40 | -10 | -4 | -10 | -1 | 11 | -21 | -12 | -14 | -13 | -12 |
Issuance of Common Stock | 12 | 17 | 12 | 13 | 14 | 19 | 14 | 14 | 15 | 20 | 14 | 16 | 18 | 23 | 15 | 19 | 21 | 31 | 26 | 29 |
Repurchase of Common Stock | -1,163 | -444 | -338 | -463 | -368 | -209 | -154 | -242 | -76 | -133 | -313 | -315 | -214 | -222 | -315 | -315 | -318 | -474 | -82 | -129 |
Common Dividends Paid | -157 | -159 | -151 | -151 | -153 | -155 | -150 | -149 | -150 | -151 | -146 | -147 | -148 | -150 | -139 | -141 | -141 | -143 | -127 | -127 |
Other Financing Activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3 | - | - | - | - | - |
Financing Cash Flow | -320 | -597 | -487 | -612 | -516 | -657 | -602 | 212 | -221 | -304 | -455 | -450 | -354 | -350 | -431 | -458 | -450 | -600 | -196 | -239 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | -1 | -1 | -3 | -4 | 16 | 13 | -21 | 11 | - | -39 | 63 | -30 | - | - | 59 | -43 | -31 | -6 | -3 | -6 |
Net Cash Flow | -466 | -1,130 | 293 | 545 | -184 | -251 | 218 | -180 | -38 | -486 | 513 | 149 | -403 | 164 | 252 | 274 | -424 | 400 | 128 | 296 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 459 | 198 | 781 | 1,160 | 331 | 323 | 837 | 791 | 183 | 16 | 659 | 755 | -32 | 631 | 612 | 953 | 485 | 186 | 760 | 897 |
Free Cash Flow Growth (YoY) | 38.67% | -38.70% | -6.69% | 46.65% | 80.87% | 1918.75% | 27.01% | 4.77% | - | -97.46% | 7.68% | -20.78% | - | 239.25% | -19.47% | 6.24% | 4.08% | 100.00% | -6.06% | 9.26% |
Free Cash Flow Margin | 8.37% | 3.66% | 14.64% | 21.42% | 6.31% | 6.31% | 16.47% | 15.68% | 3.77% | 0.34% | 13.85% | 15.42% | -0.66% | 13.11% | 12.65% | 19.62% | 9.89% | 3.85% | 15.91% | 18.91% |
Free Cash Flow Per Share | 0.98 | 0.41 | 1.62 | 2.38 | 0.67 | 0.65 | 1.69 | 1.59 | 0.37 | 0.03 | 1.31 | 1.50 | -0.06 | 1.24 | 1.19 | 1.84 | 0.93 | 0.35 | 1.45 | 1.71 |
Levered Free Cash Flow | 383.63 | 103.5 | 688.13 | 940.25 | 82 | 121.88 | 1,067 | 472.13 | 233.38 | 262.88 | 596.88 | 752.88 | 110.5 | 508.63 | 500 | 787 | 612.13 | 63.13 | 756.38 | 705.75 |
Unlevered Free Cash Flow | 391.75 | 107.88 | 693.13 | 945.25 | 87.63 | 129.38 | 1,079 | 480.88 | 239.63 | 269.75 | 603.75 | 759.75 | 116.75 | 514.25 | 505 | 790.75 | 614 | 64.38 | 757.63 | 707.63 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | - | - | 36 | - | - | - | 53 | - | - | - | 40 | - | - | - | 15 | - | - | - | 7 | - |
Cash Income Tax Paid | - | - | 985 | - | - | - | 1,120 | - | - | - | 1,245 | - | - | - | 813 | - | - | - | 625 | - |
Change in Working Capital | -302 | -680 | 116 | 353 | -380 | -427 | 334 | 173 | -385 | -632 | 108 | 256 | -515 | -38 | 163 | 228 | -162 | -553 | 172 | 167 |